EVR · Evercore Q2 FY2026 earnings call record财报电话会记录

“For the quarter, we generated $1 billion of adjusted net revenues and adjusted diluted earnings per share of $2.91, up 19% and 20% respectively from the second quarter of last year.”

“For the second quarter of 2026, net revenues, operating income, and EPS on a GAAP basis were $990 million, $147 million, and $2.32 per share, respectively.”

“Our adjusted operating margins for the second quarter and first half were 19% and 22.7%, respectively.”

“For the full year, we would expect to see a modestly higher growth rate in non-comps relative to what we have experienced over the last couple of years.”

“In the quarter, we returned a total of $150 million of capital through the repurchase of approximately 330,000 shares and the payment of dividends.”

“For the first half of the year, we have returned a total of $823 million, of which $734 million was through share repurchases at an average price of approximately $325 per share.”

“We have already surpassed the full-year record for share repurchases based on dollar amount.”

“Some of that is just related to what we expect to be near-term revenue and near-term increased activity.”

“It's FOMC day, and I'm wondering if we can get more details on what your current dialogue with clients is around the potential for additional rate hikes and what the resilience of the pipeline is if we get a surprise hike or if we get lingering uncertainty on future hikes.”

“If you look at our first half results, what you would see is revenues up 56%, earnings up 77%.”

“I think if we look back from 2016 to 2022, your annual adjusted operating margins were in the rough range of 24.5%-34%.”

“By the way, though, we probably have at least a slightly different perspective on the way one looks at the historical margins, and think about it being more in the kind of 24.5%-25% range because it really has to be looked across full cycle without exceptions.”